Friday, April 07, 2006 12:51:27 PM
AAPL weekly chart revisited.
The price hit the weekly Bollinger midline resistance and started pulling back. The most likely scenario is for the price to either continuing pulling back and retest the lower band OR to eventually break thru the resistance and head on up to the upper band which is currently above 80.
There are some who don't see any value in using the Bollinger bands. But there is a lot of useful information to be had if one just bothers to understand how to interpret the indicator properly.
The price hit the weekly Bollinger midline resistance and started pulling back. The most likely scenario is for the price to either continuing pulling back and retest the lower band OR to eventually break thru the resistance and head on up to the upper band which is currently above 80.
There are some who don't see any value in using the Bollinger bands. But there is a lot of useful information to be had if one just bothers to understand how to interpret the indicator properly.
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